Latest News in Refinancing Home Mortgages – Sept 03, 2009

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Foreclosure Blues: Mortgaging their golden years – Delaware County Daily Times
Clara and Salvatore Fucile began having problems paying their monthly mortgage bill after refinancing the loan on their Springfield home. Salvatore, and Clara Fucile, 84 and 81, wanted to help their 46-year-old daughter, Diane, as she faced six brain …

Funds threaten Jacksonville’s foreclosure fighters – Florida Times-Union
Deloris Raines sent money to a loan modification scam and now uses the two full-time attorneys at Project House-Hold to help her avoid foreclosure. The project is paid for by the city. Jacksonville Area Legal Aid litigates foreclosure cases for …

Bank denies family refinancing because son is overseas – Katu.com
CANBY, Ore. – It?s the number one complaint the KATU Problem Solvers receive: Roadblocks to getting a mortgage or refinancing a current mortgage. One Canby family is being denied refinancing because the son is an active duty soldier and is assigned …

Twin Cities commercial property foreclosures rise – Minneapolis Star Tribune
Foreclosures of office buildings, stores, apartments, and other commercial properties are continuing to rise in Hennepin and Ramsey counties, a sign that the weak economy and tight credit market continue to take a toll on the real estate market …

ECONOMY-US: Bailing Out a Boat Full of Holes – Inter Press Service
BOSTON, Oct 7 (IPS) – The U.S. Treasury’s bonanza from Congress to hand out 700 billion dollars to Wall Street is not what the country needs to right its shaky economy, many independent experts say. “Despite the bailout, it’s clear the economy is …

FOMC Minutes August 11-12, 2009 – StreetInsider.com
Developments in Financial Markets and the Federal Reserve’s Balance Sheet The Manager of the System Open Market Account reported on recent developments in domestic and foreign financial markets. The Manager also reported on System open market …

Consolidating Your Loans by Refinancing – Walletpop.com
When you refinance , you often seek to replace your current mortgage loan with a new loan that has a lower interest rate. The new lender pays off the current lender and becomes the lien holder on your home. If you have other debts and want to combine …

U.S. Federal Reserve Meeting Minutes for August 12 (Text) – Bloomberg
Sept. 2 (Bloomberg) — Following are the minutes of the Federal Reserve?s Open Market Committee meeting that concluded on August 12. Minutes of the Federal Open Market Committee August 11-12, 2009 A joint meeting of the Federal Open Market …

Site Presented By – Salon
BusinessWeek is especially effusive, speculating that the discovery might be one of the biggest finds of the decade, and, by the time it is fully deployed the latter half of the next decade, will be “raking in cash” like its BP operated Gulf-neighbor …

Mortgage applications slip even as loan rates dip – USA Today
NEW YORK (Reuters) ? Mortgage applications slid last week even as mortgage rates edged lower, with requests for loans to buy homes declining for the first time since early July, an industry group said Wednesday. The Mortgage Bankers Association’s …

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